R D Sethna conducts R D Sethna Scholarship in Mumbai
R D Sethna Scholarship
Job Description
The R D Sethna Scholarship Fund grants only loan scholarships to students who are citizens of India, regardless of community, caste or creed.
Loan scholarships are granted to enable students to undertake scientific, technical, industrial or commercial studies in India and overseas on the condition that they are repayable with interest in terms of the agreement and other documents required to be entered into and executed by applicants and their male guarantors.
Eligibility: Only those applicants who have passed at least the Secondary School Certificate examination or other equivalent examination and who have secured not less than 50% of the total marks in the last examination given by them prior to the making of the applications are eligible to apply for a loan scholarship.
The person proposed as guarantor must be a male, and permanent resident in Mumbai having a monthly income of not less than Rs.10,000/- for applicants pursuing studies in India and Rs.15,000/- for applicants pursuing studies overseas.
Loan scholarship :Every applicant who is granted a loan scholarship of a sum of Rs.10,000/- or more to undertake studies in India or overseas is required, after such grant but before any payment is made, to effect an Endowment Life Insurance policy for a sum equivalent to or in excess of the loan scholarship on his life with an Insurance Company for a period of not more than 20 years. An existing insurance policy could be assigned to the Trustees if it covers the loan amount.
Applicants must submit letters of recommendation from 2 recommenders who are permanent residents in Mumbai.
All Applications should be made on the prescribed Form, which can be obtained on request from the Trust office. No Forms will be sent to intending applicants by post, unless the request is accompanied by payment of Rs.50/- either by a Postal Order or by demand draft in favour of R D Sethna Scholarship Fund. Applicants must also send a self addressed Rs.10/- stamped envelope of size: 23 cm x 10 cm. Applicants must indicate whether the Form is required for studies in India or overseas.
Job Particulars
About Company
R D Sethna Scholarship, one of the oldest and best known scholarship programme was initiated after the death of Mr R D Sethna, Indian Philanthropist in 1938 assisting outstanding and deserving students of all communities.
Mr R D Sethna was clear in his approach to philanthropy: it had to be directed to specific causes, normally of large magnitude in support of higher education, “For the promotion and encouragement of Scientific, Technical, Industrial and Commercial instruction or education” in ways beneficial to society: Mr R D Sethna envisioned that his plan for granting financial assistance to students would broaden their academic interests and in turn benefit the Nation.
